Resources to learn Modern Money Theory, or MMT (by Activist #MMT, the podcast)

What is MMT? MMT is an accurate description of how our economy actually and already functions at the federal level. It replaces false financial constraints (debt!, deficit!!, China!!, inflation!!!* and HoWrEyOuGoNnAPaYFoRiT???), with real constraints: our ability to utilize human labor in order to obtain, produce, and do what we need to survive and thrive.

(*Inflation the Boogeyman, not inflation in reality.)

This post contains links to hundreds of academic works to learn more about Modern Money Theory, or MMT – primarily from those who have developed it over the past quarter century. It also contains layperson tutorials, addresses common concerns and misconceptions, and lists of many reliable people, organizations, websites, and podcasts to follow in order to ask questions and learn more.

These resources were created by Activist #MMT, the podcast (Twitter, Facebook, web, please consider becoming a monthly patron). A new resource page was last added or deleted on September 17, 2020.

Disclaimer: I am a layperson who has studied MMT since February of 2018. I’m not an economist or academic and I don’t speak for MMT. The information in this post is my best understanding but I don’t assert it to be perfectly accurate. In order to ensure accuracy, you should rely on the expert sources linked throughout. If you have feedback to improve this content, please get in touch.

First things to read, watch, and listen to, for a basic introduction to MMT (all geared to the layperson)

The basics

Major concepts (other)

Federal taxes

The national debt

The MMT-designed job guarantee and full employment

Common concerns, criticisms, and misconceptions


The top photo is the full abstract from Stephanie Kelton’s 1998 paper, Can Taxes and Bond Sales Finance Government Spending?.